PHOENIX, ARIZONA (December 7, 2021) – NAI Horizon represented the sellers in the $1.525 million disposition of 3.4 acres. The buyer is currently rezoning the parcels from S-1 to CP-GCP in the highly sought-after Phoenix Sky Harbor submarket.
NAI Horizon Senior Vice President Rick Foss represented the sellers, Jeanne and Larry Blackketter of Phoenix in the land sale at 5815 South 36th St., in Phoenix.
The land is surrounded by the South Mountain Business Park, the Eaton 40th Street Business Park, and AIP South 40 Distribution Development. The buyer will construct an industrial property for a tenant who has committed to lease the property, Foss said.
“This is the last industrial piece between two and five acres that was available for purchase in the submarket,” Foss said. “It went under contract as the highest priced for land without I-10 frontage that had been recorded.”
Foss specializes in building and land sales in the Sky Harbor/Tempe submarket
The developer, CTC Properties, LLC, was represented by Mike Parker with CBRE.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.